Patriot One Technologies closes $25.3 million bought deal offering

February 22, 2018

On February 22, 2018, Patriot One Technologies Inc. (TSXV: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) announced the closing of its recently announced bought deal equity financing, having sold 12,650,000 units for gross proceeds of $25.3 million, including units sold pursuant to the full exercise of the underwriters’ over-allotment option.

The offering was underwritten by a syndicate of underwriters led by Canaccord Genuity Corp. and including GMP Securities L.P.

Patriot One has developed PATSCAN CMR™, a first-of-its-kind Cognitive Microwave Radar concealed weapons detection system, designed as an effective tool to combat active shooter threats before they occur.

Miller Thomson advised Patriot One in this financing with a team that included Rory Godinho, Rhea Solis, Brian Fast and Robyn Enslen.